Question

In about 500-1000 words discuss The technical terms and conditions of REPUTATIONALl risk insurance while comparing its policies provided by two insurance companies and include Harvard citing references
Possible insurance companies to use for policies : Loyds , Allianz , Munich

Answer 1

There’s no single type of Reputational Risk Insurance. Instead, there are a clutch of options from which businesses can choose when seeking to protect their name, all of which have the same aim: lowering your risk of damage to your hard-earned brand.              
              
MUNICH RE              
Our reputational risk protection covers your greatest asset – your name              
Reputational risks rank among the top 10 global business risks. A faulty component, a hacker attack, misconduct –               
the consequences of events that damages a company’s reputation can be devastating. And it can happen to any company, from car makers to a food manufacturer to airlines.              
The good news: reputational damage is quantifiable, which in turn makes it insurable. An insurance covering reputational damage generally              
covers the company’s loss of profits and offers financial support for crisis management and efforts to restore its image.              
Components of our reputational risk cover              
Incidents that spark a reputational crisis can occur in almost any area of the organisation. This is why our insurance solution provides cover for any activity in your company related to business or clients. It even covers allegations.              
              
ALLIANZ:              
              
Allianz Reputation Protection Plus protects your organization from reputational risk. You'll receive immediate support from our crisis communication               
consultants and benefit from our real-time monitoring of developing crises. We can also recover costs incurred for crisis responses              
(such as media interviews or advertising). And where reputation damage cannot be recovered, Reputation Protection Plus covers the loss of operating profits.              
              
1.crisis and reputation management services in a crisis situation              
2.cost operating profit indemnified (cover of losses resulting from reputational damage)              
3.access to additional expert services, including:              
4.Media Tenor Internationala media monitoring consultant, which provides real- time media monitoring              
5.a choice of crisis communications firms —BrunswichCNCor Hill & Knowlton — to help with your crisis responses              
6.Allianz Reputation Protect PLUS, which covers crisis consulting and response fees and costs               
7.a preparatory reputation-protection workshop by Media Tenor International              
8.real-time, 24/7 crisis monitoring of the media and social media